Thunder Mountain Gold Reports $631,111 Net Loss for Fiscal Year 2024, Highlights Exploration Progress

Thunder Mountain Gold, Inc. reported a net loss of $631,111 for the fiscal year ending December 31, 2024, a decrease from the previous year's loss of $817,227. The improvement in financial performance is attributed to a reduction in unrealized losses and a decrease in operating expenses, which totaled $585,613, down 5% from $614,691 in 2023. The company continues to operate as an exploration-stage entity, with no revenue generated from mining operations, focusing instead on mineral exploration and development activities.

In terms of operational developments, Thunder Mountain Gold has made significant strides in its South Mountain Project, which is located in Idaho. The company has staked additional unpatented mining claims covering approximately 260 acres and has plans for further exploration activities, including geophysical and geochemical studies in 2025. The company also completed a private placement financing in December 2024, raising approximately $620,000, which will be used for exploration and land acquisition at the South Mountain Project.

The company’s mineral resource estimates at the South Mountain Project have shown positive trends, with measured and indicated resources totaling 223,000 tons grading 9.02% zinc and 4.27 ounces per ton silver. Inferred resources increased to 959,000 tons, reflecting a 14% increase in zinc and a 25.4% increase in lead compared to the previous year. However, the company has no proven or probable mineral reserves, which poses a challenge for future profitability.

Thunder Mountain Gold's financial position remains precarious, with cash and cash equivalents of $481,322 as of December 31, 2024. The company has acknowledged substantial doubt about its ability to continue as a going concern, emphasizing the need for additional capital to sustain operations. Future liquidity will depend on the success of ongoing exploration efforts and the ability to secure financing through various means, including public offerings and private placements.

Looking ahead, the company plans to continue advancing its exploration projects while seeking strategic partnerships to enhance its financial stability. The management is actively pursuing opportunities to raise funds and is committed to managing expenses to ensure the company's viability in the coming year.